Fibo Average2 is the second version of the Fibo average indicator. It shows the moving average, which is calculated using bar prices with a shift from the current one by Fibo numbers. In addition, it also displays the second moving average calculated by data of the first Fibo MA using any of the eighteen MA calculation methods.
There are four input parameters:
MA period - averaging МА calculation period
MA method - averaging МА calculation method
Simple - simple moving average
Exponential - exponential moving average
Smoothed - smoothed moving average
Linear-Weighted - linear weighted moving average
Wilder Exponential - Welles Wilder's exponential moving average
Sine-Weighted - sine-weighted moving average
Triangular - triangular moving average
Least Square - least square moving average (LSMA)
Hull MA by Alan Hull - Hull's moving average (HMA)
Zero-Lag Exponential - exponential moving average with the minimum delay
Instantaneous Trendline by J.Ehlers - John Ehlers' trendline
Moving Median - moving median
Geometric Mean - moving average based on the geometric mean method
Regularized EMA by Chris Satchwell - moving average based on Chris Satchwell's Regularized EMA method
Integral of Linear Regression Slope - integral of linear regression slope (ILRS MA)
Combination of LSMA and ILRS - moving average - combination of LSMA and ILRS methods
Triangular MA generalized by J.Ehlers - John Ehlers' triangular moving average
Volume-Weighted - volume-weighted moving average
FiboMA applied price
Fibo count - number of Fibo numbers for calculating FiboMA
Sample calculation:
if the number of Fibo numbers (FiboCount) = 8, then
FiboMA = (Price[i] + Price[i+1] + Price[i+1] + Price[i+2] + Price[i+3] + Price[i+5] + Price[i+8] + Price[i+13]) / FiboCount
MA = MA(FiboMA, Period, Method)
where:
Price = FiboMA applied price